Financial Director 

Reporting to:           General Manager – UK 

Responsible for:    Finance Department – 8 employees

                                 IT Department – 4 employees 

Main Purpose of Role: 

Management and control of all financial aspects of the UK operation, including full financial and management accounting responsibility. 

Executive Management of the IT Function to ensure that IT systems and applications fully support the present and future needs of the business.

Key Aspects of the Role: 

Statutory Accounts

  • Ensuring compliance with all statutory requirements and accounting standards.

  • Liaison with auditors and management of the audit process. 

Taxation

  • Ensuring compliance with all relevant legislation.

  • Responsibility for all aspect of Corporation and Deferred tax.

  • Responsibility for tax planning and management in a national and international environment. 

Management Accounts

  • Preparation, review and presentation of monthly accounts pack.

  • Analysis of accounts and operational information, resulting in recommendations for pro-active as well as remedial action to ensure that targets are met.

  • Reporting to the European Board on a monthly basis. 

Forecasting

  • Compilation of a rolling three-month forecast, and ongoing review of the full-year forecast. Recommending and executing actions, where applicable, to ensure that the Company achieves its targets. 

Annual Budgeting

  • Responsible for the compilation and preparation of the annual budget.

  • Issuing of guidelines to all involved in the budgeting process.

  • Reviewing of the budget to ensure that achievement thereof would satisfy relevant performance targets set.

  • Preparation and presentation of a comprehensive and coherent business plan to the European Board. 

Cash-Flow Forecasting

  • Preparation of rolling six-week cash flow forecast, and presentation to Group Head Office.

  • Management of cash flow on a daily basis to ensure optimal use of cash.

 Costing

  • Review of new business proposals to ensure that they are financially sound.

  • Evaluation of all cost components to ensure that projected financial return is in line with business requirements.

  • Generation of costing rates for the following year through extrapolation of the business plan. 

Capital Expenditure

  • Analyse internal requests for Capital, ensuring that justification and assumptions made are valid and in support of business objectives.

  • Preparation and presentation of financial justification for capital requirements.

  • Assist with planning and management of major capital projects ensuring that timing and financial objectives are met. 

Company Secretarial Duties

  • Carry out required Duties in the capacity of Company Secretary for all statutory entities, ensuring legal compliance.

Insurance

  • Working with various insurance companies and brokers to ensure best-value appropriate insurance cover for UK specific insurance.

IT Function

  • Executive Management of the IT Function, ensuring that IT systems and applications support the needs of the business.

Development of Internal Systems

  • Responsible for continuous improvement and streamlining of business, and administrative processes and systems.

Employee Development

  • Responsible for ensuring those employees within the department are provided with opportunities for growth and development, whilst actively encouraging and nurturing an environment conducive to learning and continuous development.

 

Person Specification

Financial Director  

§         ACA or CIMA qualified with at least 5 years post qualifying experience in the manufacturing sector. Experience should preferably be gained in the automotive or a similar best practice environment, and within a PLC environment.

§         Strong PC and systems skills. Experience with modern network and internet based software systems would be beneficial ( Omnicom or Navision).

§         Excellent communication and interpersonal skills. Must be able to quickly gain credibility and communicate effectively at all levels of the organisation.

§         The incumbent will be expected to have a combination of strategic and general business awareness, providing input to debate and decisions made, as well as the ability to focus on operational detail.

§         Proven successful track record displaying solid accounting knowledge and skills, as well as initiative and innovative thinking in furthering the achievement of business objectives.

§         A second European language, preferably German, would be advantageous.

§         A valid drivers licence is required.

§         The incumbent should be able to travel internationally and should not for any reason be precluded from flying.

§         See Person specification matrix for competencies.